151
151
Dec 31, 2012
12/12
by
CSPAN
tv
eye 151
favorite 0
quote 0
that are part of the fiscal cliff. mr. mccain: may i thank the senator from maryland, as always, for her usual courtesy and i think she had a very important message and i appreciate not only the words themselves but her eloquence and passion. mr. president, i ask unanimous consent that the senator from south carolina be included in a colloquy during my remarks. the presiding officer: without objection. mr. mccain: mr. president, i, like i believe all of us just finished watching the president's remarks at -- i guess it was the executive office building. and i'm not sure yet as i sort out my impressions of the president's remarks as to whether to be angry or to be saddened. i've been around this town for a number of years, and as is well known, i had an interest in the presidency more than academic and i've watched a lot of presidents, going back to president reagan from the standpoint of a member of congress. and i've watched these other crises as we go through them, whether it be the potential shutdown of the governme
that are part of the fiscal cliff. mr. mccain: may i thank the senator from maryland, as always, for her usual courtesy and i think she had a very important message and i appreciate not only the words themselves but her eloquence and passion. mr. president, i ask unanimous consent that the senator from south carolina be included in a colloquy during my remarks. the presiding officer: without objection. mr. mccain: mr. president, i, like i believe all of us just finished watching the president's...
94
94
Dec 6, 2012
12/12
by
CSPAN
tv
eye 94
favorite 0
quote 0
that is the model for this fiscal cliff discussion, making both the cuts and the reforms that are real and credible and politically difficult to reverse. that is the only signal we can send. it is the right signal to send to investors that we're serious about getting our financial house in order. german, thank you. this is your last committee meeting -- chairman, thank you. this is your last committee meeting and you will be missed. >>: back to the analogy of the avalanche, a -- going back to the analogy of the avalanche, when we had the subprime crisis, and there was no warning. likewise, we did have the same type of avalanche come tomorrow. there is no more confidence, nobody buys are debt. we would have increased interest rates and huge economic problem. we have two things in front of the spread not only the fiscal slope, but also the debt ceiling. treasury estimates at the end -- we have until the end of february. in solving it, would be better to put the debt ceiling in the package with the fiscal slope for a comprehensive solution? or would it be better to do them separately? >>
that is the model for this fiscal cliff discussion, making both the cuts and the reforms that are real and credible and politically difficult to reverse. that is the only signal we can send. it is the right signal to send to investors that we're serious about getting our financial house in order. german, thank you. this is your last committee meeting -- chairman, thank you. this is your last committee meeting and you will be missed. >>: back to the analogy of the avalanche, a -- going...
138
138
Nov 29, 2012
11/12
by
CSPAN
tv
eye 138
favorite 0
quote 0
this is part of our series on the so-called fiscal cliff. today we're looking at the issue of the payroll tax cut. kim dixon, when did the payroll tax cuts issue come into effect? guest: about two years ago at this time. expiration of the bush-era tax cuts that began in 2001 were set to expire. republicans control the house. president obama wanted to continue them for everybody except those in the top 2% tax rate. --wasn't ended the year deal it was an end-of-the-year deal. the obama administration was looking for the stimulus measure. they thought it would be hard for republicans to oppose a tax cuts. host: the money rigidly was going where -- the money originally was going where? guest: going to the social security trust >> we take you live now to the u.s. capitol and house speaker john boehner. >> the president has warned us about the dangers of going over the fiscal cliff. but his actions have not matched his public statements. momings of his own party seem quite comfortable on sending the economy over the fiscal cliff. two weeks ago we
this is part of our series on the so-called fiscal cliff. today we're looking at the issue of the payroll tax cut. kim dixon, when did the payroll tax cuts issue come into effect? guest: about two years ago at this time. expiration of the bush-era tax cuts that began in 2001 were set to expire. republicans control the house. president obama wanted to continue them for everybody except those in the top 2% tax rate. --wasn't ended the year deal it was an end-of-the-year deal. the obama...
107
107
Nov 22, 2012
11/12
by
CSPAN
tv
eye 107
favorite 0
quote 0
cliff budget cuts on the federal work force. alan odom on the future of the postal service. also a look at consumer confidence with washington post financial reporter daniel douglas. "washington journal" is live from des 7:00 a.m. eastern on c- span. >> on guard outside of thehomes of crown officials and with british artillery aimed at the town house and home of the journal courts, it was easy to understand why postilions felt threatened by this occupations. many heated house soldiers started to serve register of racial tension in their town. not everyone in boston is white. but in a month of their arrival of 1768, three british officers have been discovered encouraging african-american slaves to attack their white masters. one of those drunk officers is captain john wilson. he assured the black bostonian that the soldiers would come here to procure your freedom and with your help and assistance we should be able to drive the liberty boys to the devil. while the slaves ignored these lies, the british army is not in boston to fre
cliff budget cuts on the federal work force. alan odom on the future of the postal service. also a look at consumer confidence with washington post financial reporter daniel douglas. "washington journal" is live from des 7:00 a.m. eastern on c- span. >> on guard outside of thehomes of crown officials and with british artillery aimed at the town house and home of the journal courts, it was easy to understand why postilions felt threatened by this occupations. many heated house...
74
74
Dec 11, 2012
12/12
by
CSPAN
tv
eye 74
favorite 0
quote 0
their insistence on holding tax cuts for middle class families hostage to the fiscal cliff. there's a lot of bluster coming from republicans but that facade is crumbling quickly. every day we read about more republicans breaking rank, calling on the speaker to allow tax rates to rise on the wealthiest. yesterday, it was carson and culver. today former governor haley barbour, here's what he said. i as a republican would take raising rates on the two top brackets if we had tax reform and some other things he wanted. but he wants the rate to go up on the top two brackets. as soon as the republicans accept reality and guarantee middle clats families their taxes won't go up, i'm confident an agreement will be reached. >> the last few years, you -- some republicans are saying that this is restricting the amendment process and part of the reason why they're -- that they are threaten -- threatening to filibuster. why have you chose ton purr suze those practices. >> i've explained this before. we have to spend eight to 10 days, senate days, that's a couple of weeks, to get on a bill.
their insistence on holding tax cuts for middle class families hostage to the fiscal cliff. there's a lot of bluster coming from republicans but that facade is crumbling quickly. every day we read about more republicans breaking rank, calling on the speaker to allow tax rates to rise on the wealthiest. yesterday, it was carson and culver. today former governor haley barbour, here's what he said. i as a republican would take raising rates on the two top brackets if we had tax reform and some...
155
155
Nov 29, 2012
11/12
by
CSPAN
tv
eye 155
favorite 0
quote 0
the fiscal cliff? >> there is a free-market we presented to the white house two weeks ago. the framework has been agreed to in terms of a down payment for the end of this year. that would include spending cuts and it would include revenue. setting up a process for entitlement reform next year and tax reform next year. but this is way out of bounds. and not a recognition by the part of the white house on the serious spending problem we have. >> facing the prospect of going over the fiscal cliff or extending the lower tax rate and at the upper one, which would you choose? >> i will do everything i can to avoid putting the american economy and the american people through the fiasco of going over the fiscal cliff. >> [indiscernible] >> as i told the president a couple of weeks ago, there are a lot of things i have wanted in my life, but almost all of them had a price tag attached to them. if we're going to talk about the debt limit in this, there will be some price tag associated with it. >> are you standi
the fiscal cliff? >> there is a free-market we presented to the white house two weeks ago. the framework has been agreed to in terms of a down payment for the end of this year. that would include spending cuts and it would include revenue. setting up a process for entitlement reform next year and tax reform next year. but this is way out of bounds. and not a recognition by the part of the white house on the serious spending problem we have. >> facing the prospect of going over the...
75
75
Dec 20, 2012
12/12
by
CSPAN
tv
eye 75
favorite 0
quote 0
let's work on a bipartisan agreement to avoid the fiscal cliff. what they have presented to us today would slash medicaid that will hurt hundreds of thousands of people, including cutting off 300,000 children from health insurance, hurting some of our most vulnerable citizens and impede implementation of the health reform law that is benefiting millions of americans and fails to protect medicare in billions of dollars in cuts under the sequestration and establishes a federal medical malpractice system trampling on the rights of states and undermines by cutting prevention and public health investments. this is so unacceptable. we have nothing to solve. this is exactly the same republican proposal that were rejected by the american people. they don't want more tax breaks for the billionaires and millionaires and big corporations paid for by cuts on our poorest americans. the speaker pro tempore: the gentleman from maryland has a minute to close. mr. van hollen: thank you, mr. speaker. i yield the final minute to the gentleman from from pennsylvania,
let's work on a bipartisan agreement to avoid the fiscal cliff. what they have presented to us today would slash medicaid that will hurt hundreds of thousands of people, including cutting off 300,000 children from health insurance, hurting some of our most vulnerable citizens and impede implementation of the health reform law that is benefiting millions of americans and fails to protect medicare in billions of dollars in cuts under the sequestration and establishes a federal medical malpractice...
145
145
Dec 3, 2012
12/12
by
CSPAN
tv
eye 145
favorite 0
quote 1
as part of our fiscal cliff series, we're looking at the bush tax cuts that are set to expire unless congress acts, and we are looking at spending cuts. our deductions on the chopping block unless congress acts? are they floating through unless they get rid of them? guest: by and large, most of them are permanent features of the tax code. yes, the bush tax cuts include a lot of tax breaks, particularly for the wealthy. the capital gains and dividends what -- rates would go up. there are other breaks for the wealthy that would go away if we go over the cliff. there are also some breaks that would benefit working class americans. the child credit is the biggest example. also, there is relief from what is known as the marriage penalty. this is a quirk in the tax system that causes people to pay what many believe is an unfair break just because they are married. the relief from the marriage penalty would go away and the child credit would go from $1,000 back to $500. that would have a significant impact on just regular working folks. host: jason joins us from rancho cordova, calif.. and
as part of our fiscal cliff series, we're looking at the bush tax cuts that are set to expire unless congress acts, and we are looking at spending cuts. our deductions on the chopping block unless congress acts? are they floating through unless they get rid of them? guest: by and large, most of them are permanent features of the tax code. yes, the bush tax cuts include a lot of tax breaks, particularly for the wealthy. the capital gains and dividends what -- rates would go up. there are other...
109
109
Nov 22, 2012
11/12
by
CSPAN
tv
eye 109
favorite 0
quote 0
cliff budget cuts on the federal work force. cq roll call writer on the future of the postal service which has lost $16 billion in 2012. and a look at consumer confidence with the "washington post" financial reporter. plus, your phone calls, e-mails, and tweets. live friday at 7:00 a.m. eastern on c-span. >> you career officers, you change this armies and that becomes a volunteer army. go and find your soldiers in the labor market. find them in the villages and towns of america. we did that. over about five or six years, we created an absolutely splendid force of young men and women who are willing to serve for their country as volunteers. and they have the same tradition, the same culture, the same loyalty and dedication as any other generation of americans that have gone before. they proved themselves in the gulf war, the panama invasion, and they have proved themselves over the last 10 years in iraq and afghanistan. but the thing we have to keep in mind descending that president lincoln said in his second inaugural address, c
cliff budget cuts on the federal work force. cq roll call writer on the future of the postal service which has lost $16 billion in 2012. and a look at consumer confidence with the "washington post" financial reporter. plus, your phone calls, e-mails, and tweets. live friday at 7:00 a.m. eastern on c-span. >> you career officers, you change this armies and that becomes a volunteer army. go and find your soldiers in the labor market. find them in the villages and towns of america....
107
107
Nov 9, 2012
11/12
by
CSPAN
tv
eye 107
favorite 0
quote 0
work is expected on the impending fiscal cliff including the expiration of the bush era tax cuts and possible cuts to domestic and military spending. fall all the debates with live house coverage on c-span and the senate on c-span2. there was a conference yesterday. pollsters participated in a town discussion that talked about economic efforts and how this affects lobbying in the lame- duck session. the opening panel concentrated on the presidential race. this is about 45 minutes. >> we will start on the far end with stanley collender. next to him is scott lilly. he was the staff director for the house appropriations committee. next to him is chris condeluci, a long time hill staff expert on tax policy and health care. thank you for coming. this conversation will be about -- we will drill down a bit about how the results from the election might impact some of the big policy questions going forward. i want to ask the same question to begin. if he could talk about how you think the political landscape has changed or not changed based on tuesday on policy broadly defined. >> my impressi
work is expected on the impending fiscal cliff including the expiration of the bush era tax cuts and possible cuts to domestic and military spending. fall all the debates with live house coverage on c-span and the senate on c-span2. there was a conference yesterday. pollsters participated in a town discussion that talked about economic efforts and how this affects lobbying in the lame- duck session. the opening panel concentrated on the presidential race. this is about 45 minutes. >> we...
106
106
Nov 27, 2012
11/12
by
CSPAN
tv
eye 106
favorite 0
quote 0
carney says, quote, the american people matter in stopping the fiscal cliff and budget cuts that will take effect in january if congress doesn't act. >> ok. good afternoon, ladies and gentlemen. welcome to the james s. brady white house briefing room, i believe we have some visitor fres this united arab emirate here, i want to welcome you and thank you for being here. i have just a couple of thins i want to announce at the top, some of which you know about, others you may not. today, as enge you know they can president is meeting with small business owners -- let me back up. it is not happening right now. i believe it happens -- 2:30 i'm reliably informed. he'll be meeting with small business owners as part of discussing with them the importance of extending tax cuts for the middle class or 98% of american taxpayers because of the impact that raising taxes on 98% would have on businesses around the country. he will also discuss with them the measures that he has put forward to assist small businesses, including hiring tax credits and the like, that will help the engine of our economic
carney says, quote, the american people matter in stopping the fiscal cliff and budget cuts that will take effect in january if congress doesn't act. >> ok. good afternoon, ladies and gentlemen. welcome to the james s. brady white house briefing room, i believe we have some visitor fres this united arab emirate here, i want to welcome you and thank you for being here. i have just a couple of thins i want to announce at the top, some of which you know about, others you may not. today, as...
165
165
Dec 31, 2012
12/12
by
CSPAN
tv
eye 165
favorite 0
quote 0
by thoughts on the fiscal cliff are, why don't we just let the bush tax cuts expired? host: on that point, where would you draw the line in terms of the middle class americans? the president said $250,000, but that threshold could now be $450,000. caller: i came from a pretty upper in the family. but i do not consider -- $60,000, $70,000 -- that is pushing at. $90,000? no, no. that is not middle-class. you are making more than triple what some of your average americans make in the year. host: ok. republican line. caller: thank you. i just want to respond to tom harkin's comments. the housing market is largely responsible for the mess we're in right now. they voted not to pay taxes on $100,000 worth of gains every two years and extended mortgages to people who never in the history of our country could have afforded a home, under the idea that everybody should be able to have a shot at the american dream. i really -- i am just upset. they hold out until the last day when they had all year to deal with these issues. now the passion and the i read attitudes of people are c
by thoughts on the fiscal cliff are, why don't we just let the bush tax cuts expired? host: on that point, where would you draw the line in terms of the middle class americans? the president said $250,000, but that threshold could now be $450,000. caller: i came from a pretty upper in the family. but i do not consider -- $60,000, $70,000 -- that is pushing at. $90,000? no, no. that is not middle-class. you are making more than triple what some of your average americans make in the year. host:...
209
209
Dec 7, 2012
12/12
by
CSPAN
tv
eye 209
favorite 0
quote 0
that is the model for this fiscal cliff discussion, is making both the cuts and reforms that are real and credible and politically difficult to reverse, because that is the only signal we can send, the right signal to send, to investors that we are getting our financial house in order. chairman, thank you again. this is your last committee meeting, and you will be missed. thank you. >> thank you, advice chairman brady, soon to be chairman. representative maloney, you had something? >> yes. going back to the analogy of the avalanche, when we had the subprime crisis, there was no warning. one day the avalanche came, a total lot of confidence and a total really fall in the market. and like wides we could have the same type of avalanche come tomorrow. there is no more confidence, no one buys our debt, they want to sell it, we would have sbked interest rates and huge problems. we have two things in front of us, not only the fiscal slump, but also the debt ceiling that treasury estimates. we have until february on the debt ceiling. they are very close together. in solving it, would it be be
that is the model for this fiscal cliff discussion, is making both the cuts and reforms that are real and credible and politically difficult to reverse, because that is the only signal we can send, the right signal to send, to investors that we are getting our financial house in order. chairman, thank you again. this is your last committee meeting, and you will be missed. thank you. >> thank you, advice chairman brady, soon to be chairman. representative maloney, you had something?...
167
167
Dec 4, 2012
12/12
by
CSPAN
tv
eye 167
favorite 0
quote 0
the fiscal cliff. eye roncally enough, something the house of representatives passed last may. in april set out a tax plan. in may passed a sequestration plan, went to the senate and said we're going to see you in the lame duck time period. we're in the lame duck and this had has to be solved. we have to solve the problem. the first thing is to define what the problem even is. it seems one group is talking about the real problems, the fiscal cliff, and the other group is talking about the real problem, the debt and deficit. what is the real issue? we have $16.3 trillion in debt as a nation. $1 trillion of overspending or each year for the last four years. let me set the example of what this really means. in 2007, our tax revenue, how much we were bringing in the treasury, is almost exactly what it is in 2012. from 2007 to 2012, the revenue is almost identical. the difference is our spending has gone up $1 trillion a year. from 2007 to 2012. so over the course of that time it's slowly built up. but each
the fiscal cliff. eye roncally enough, something the house of representatives passed last may. in april set out a tax plan. in may passed a sequestration plan, went to the senate and said we're going to see you in the lame duck time period. we're in the lame duck and this had has to be solved. we have to solve the problem. the first thing is to define what the problem even is. it seems one group is talking about the real problems, the fiscal cliff, and the other group is talking about the real...
143
143
Dec 11, 2012
12/12
by
CSPAN
tv
eye 143
favorite 0
quote 0
i think what people don't understand is that fiscal cliff is not about spending, it's about cutting spending too fast and the impact that would have on our economy. >> i understand that. but we're talking about other, not health care mandatory savings that the administration put forward. $100 billion that have $240 billion is better i.r.s. enforcement, meaning more rapid and efficient gathering of tax revenue, and the $61 billion financial crisis fee. which is a tax. and then there's a $44 billion changing in payment on timings that only a one-time only savings, and $27 billion from higher fees from federal employees. republicans would look at that and say, that's not reducing the size and scope of government, that's fees, better i.r.s. enforcement, and making federal employees pay. that's not changing anything structurally in the government. >> here's what i would say. as demonstrated by yours remaintation, there's specificity in there. we haven't seen any specificity from republicans. no question republicans may have different proposals but we haven't seen them about how they would reduce
i think what people don't understand is that fiscal cliff is not about spending, it's about cutting spending too fast and the impact that would have on our economy. >> i understand that. but we're talking about other, not health care mandatory savings that the administration put forward. $100 billion that have $240 billion is better i.r.s. enforcement, meaning more rapid and efficient gathering of tax revenue, and the $61 billion financial crisis fee. which is a tax. and then there's a...
115
115
Dec 5, 2012
12/12
by
CSPAN
tv
eye 115
favorite 0
quote 0
known as the fiscal cliff take effect. bloomberg government and consulting hosted a discussion this morning with the top democrat on the house budget committee, chris van hollen, along with bob corker and mark warner. and then at 9:00 eastern, president obama and house speaker john boehner. they also spoke about the fiscal cliff today. the president said republicans might be willing to agree to higher tax rates on the wealthy in january. then the house speaker called on the obama administration to respond to the republicans' deficit reduction proposal that was released earlier this week. president obama is at 9:00 eastern and then speaker boehner. at the museum today, florida senator marco rubio sat down with michaelen of "politico." he answered questions about the fiscal cliff. republican outreach to hispanic voters and a potential campaign for president. this is 45 minutes. [applause] >> thank you very much. you had a late night. >> not really. >> is bob still here? what would you like to ask senator rubio? [laughter] >>
known as the fiscal cliff take effect. bloomberg government and consulting hosted a discussion this morning with the top democrat on the house budget committee, chris van hollen, along with bob corker and mark warner. and then at 9:00 eastern, president obama and house speaker john boehner. they also spoke about the fiscal cliff today. the president said republicans might be willing to agree to higher tax rates on the wealthy in january. then the house speaker called on the obama administration...
108
108
Nov 15, 2012
11/12
by
CSPAN
tv
eye 108
favorite 0
quote 0
elections have consequences and our ability to avert the fiscal cliff in which expiring tax cuts and across the board spending cuts are on the course to derail this economy requires us to respect that directive from voters. yet once again, lines are being drawn. you just heard it. over what types of revenue will be considered or what cuts are considered too steep. i hope was not the only one astounded by the comments of the c.e.o. of the american petroleum institute who recently said, quote, the oil and gas industry will not be singled out for punitive repeat, unquote. how fascinating. perhaps i could introduce him to the federal work force, our federal employees who are so far the only group to be singled out for punitive treatment to the tune of $75 billion of deficit reduction. they understand the principle of shared sacrifice and have patiently been waiting for everybody else to actually share in it. mr. speaker, our chances for success and fending off the fiscal cliff become even slimmer if we start removing options from the table, as my friend from tennessee just did, before we
elections have consequences and our ability to avert the fiscal cliff in which expiring tax cuts and across the board spending cuts are on the course to derail this economy requires us to respect that directive from voters. yet once again, lines are being drawn. you just heard it. over what types of revenue will be considered or what cuts are considered too steep. i hope was not the only one astounded by the comments of the c.e.o. of the american petroleum institute who recently said, quote,...
114
114
Nov 27, 2012
11/12
by
CSPAN
tv
eye 114
favorite 0
quote 0
. >> the congressional wisdom on a fiscal cliff deal does that include receive news and cuts. you made it clear how you feel on revenues. >> we have already done more than $1 billion worth of cuts, so we need to get credit for that in these negotiations that take place. >> senator durbin said he thinks that president obama won't include a deal [inaudible] >> first of all, the debt ceiling. we would be foolish to work out something on stopping this from going over the cliff and then a month or six months later the republicans pull the same game as they did before and say we aren't going to agree to increasing the debt ceiling. i agree with the president. it has to be a package deal. what was your other question? [inaudible question] >> there are things we have already taken care of, the first of april and take a look at that stuff. that's not essential. [inaudible question] >> we can't do anything with the disaster aid package and i'm told it will be tomorrow or the next day. [inaudible question] >> republican, ok. you said what's holding it up? i said republicans. talk to the
. >> the congressional wisdom on a fiscal cliff deal does that include receive news and cuts. you made it clear how you feel on revenues. >> we have already done more than $1 billion worth of cuts, so we need to get credit for that in these negotiations that take place. >> senator durbin said he thinks that president obama won't include a deal [inaudible] >> first of all, the debt ceiling. we would be foolish to work out something on stopping this from going over the...
70
70
Nov 27, 2012
11/12
by
CSPAN
tv
eye 70
favorite 0
quote 0
we are particularly excited because we have been doing a lot of work on and the fiscal cliff. we have been working on ways to help medicare savings plans and we will address taxes, but we are ecstatic to have senator durbin here today. he has played such a central role over the last several years and he has literally been part of every conversation that has taken place and he is still here. that is a sign of progress. senator durbin has had a long history of being an advocate for the middle class and he has carried that advocacy in the budget negotiations. he was part of the supercommittee. he was in the fiscal gain of eight, every day involved in these issues. -- gang of eight and every gang involved. stands true for the values of the american people and those people who waited in line to vote in people who voted to want a fair shake out of washington. as a champion of that, and i'm excited to have senator durbin here with us. [applause] >> neera, thank you for those kind words. it's good to see you and be here at the center of american progress. thank you for all the work yo
we are particularly excited because we have been doing a lot of work on and the fiscal cliff. we have been working on ways to help medicare savings plans and we will address taxes, but we are ecstatic to have senator durbin here today. he has played such a central role over the last several years and he has literally been part of every conversation that has taken place and he is still here. that is a sign of progress. senator durbin has had a long history of being an advocate for the middle...
131
131
Nov 15, 2012
11/12
by
CSPAN
tv
eye 131
favorite 0
quote 0
host: here's the bottom line of what the so-called fiscal cliff could look like. we are talking about $607 billion reduction in the budget deficit. it includes nearly $400 billion in tax increases. over $100 billion in spending cuts. and over $100 billion in other revenue changes. senator sanders, let's talk about entitlement programs that you advocated for and sought for. is there room to negotiate on the eligibility age of medicare or social security? where can you negotiate on those? guest: let me back up for a second. everybody knows, we talk about going over the cliff, it's a 10-year process. i want everybody to be clear that if by december 31 an agreement is not reached, that does not mean that an agreement could not be reached in january or february. which would make unnecessary many of the terrible cuts that people have talked about. in terms of social security, medicare, medicaid, let me say the following. a first point to be made, i am very happy that majority leader harry reid has recently made the point, and ironically enough back in the 1980's preside
host: here's the bottom line of what the so-called fiscal cliff could look like. we are talking about $607 billion reduction in the budget deficit. it includes nearly $400 billion in tax increases. over $100 billion in spending cuts. and over $100 billion in other revenue changes. senator sanders, let's talk about entitlement programs that you advocated for and sought for. is there room to negotiate on the eligibility age of medicare or social security? where can you negotiate on those? guest:...
111
111
Dec 28, 2012
12/12
by
CSPAN
tv
eye 111
favorite 0
quote 0
cliff we are facing and the elimination of the tax cuts. a lot of the small business owners i talked to and know are in favor of keeping the tax cuts in place especially for the middle class. we believe in balanced approach and we think it's ok to allow the elimination of the tax cuts for the wealthy. as taxes increase, the taxes at my business will be effected and i will have less to pay for investments and new equipment, hiring new people, but personally my income tax rates will go up. it's already a financially constrained environment. but customers tax rates will go up creating less demand for my products and less revenue for me and less tax revenue for the government. i want to urge congress and senators to vote for keeping our tax cuts in place, especially for the middle class and pushing our fiscal crisis to a balanced approach. go ahead and eliminate those tax cuts for the wealthiest individuals. if we all look at it and tried to consider what was going to work for the best, we needed to look at consumer demand. consumer demand is i
cliff we are facing and the elimination of the tax cuts. a lot of the small business owners i talked to and know are in favor of keeping the tax cuts in place especially for the middle class. we believe in balanced approach and we think it's ok to allow the elimination of the tax cuts for the wealthy. as taxes increase, the taxes at my business will be effected and i will have less to pay for investments and new equipment, hiring new people, but personally my income tax rates will go up. it's...
168
168
Nov 14, 2012
11/12
by
CSPAN
tv
eye 168
favorite 0
quote 0
president, on the fiscal cliff two years ago, sir you said you wouldn't extend the bush era tax cuts put at the end of the day you did. so respectfully, sir, why should the american people and the republicans believe that you won't cave again this time? >> well, two years ago, the economy was in a different situation. we were still very much in the early parts of recovering from the worst economic crisis since the great depression. and ultimately we came together not only to extend the bush tax cuts but also a wide range of policies that were going to be good for the economy at that point. unemployment insurance extensions, payroll tax extensions, all of which made a difference and is part of the reason why what we've seen now as 32 consecutive months of job growth and 5.5 million job crease ated and the unemployment rate coming down. but what i said at the time is what i meant. which is this was a one-time proposition. and what i have told leaders privately as well as publicly is that we cannot afford to extend the bush tax cuts for the wealthy. what we can do is make sure that midd
president, on the fiscal cliff two years ago, sir you said you wouldn't extend the bush era tax cuts put at the end of the day you did. so respectfully, sir, why should the american people and the republicans believe that you won't cave again this time? >> well, two years ago, the economy was in a different situation. we were still very much in the early parts of recovering from the worst economic crisis since the great depression. and ultimately we came together not only to extend the...
176
176
Nov 16, 2012
11/12
by
CSPAN
tv
eye 176
favorite 0
quote 0
cliff, the pending tax increases and budget cuts, january 1, if congress doesn't act. the meeting got under way at the white house just about an hour ago or so. and the president started it with some comments to reporters. >> i want to welcome the congressional leadership here and thank them for their time. i think we're all aware that we have some urgent business to do. we've got to make sure that taxes don't go up on middle class families, that our economy remains strong, that we're creating jobs and that's an agenda that democrats and republicans and independents, people all across the country, share. so our challenge is to make sure that we are able to cooperate together, work together, find some common ground, make some tough compromises, build some consensus to do the people's business. and what the folks are looking for, i think all of us agree on this, is action. they want to see that we are focused on them, not focused on our politics here in so, my hope is that this is going to be the beginning of a fruitful process where we're able to come to an agreement. w
cliff, the pending tax increases and budget cuts, january 1, if congress doesn't act. the meeting got under way at the white house just about an hour ago or so. and the president started it with some comments to reporters. >> i want to welcome the congressional leadership here and thank them for their time. i think we're all aware that we have some urgent business to do. we've got to make sure that taxes don't go up on middle class families, that our economy remains strong, that we're...
147
147
Dec 6, 2012
12/12
by
CSPAN
tv
eye 147
favorite 0
quote 0
we know there is broad agreement that going over the so-called fiscal cliff would jeopardize the economic recovery. it would do that by increasing taxes on families, halting employment growth, driving unemployment up instead of down, triggering a deep cuts to programs that families across the country count on. the job before the united states congress is to reach an agreement that builds on the economic progress that we are making, and puts us on a path to fiscal stability. we need to cut more spending, and generate more revenue. we need to do it in a smart way that keeps our economy growing. earlier this year, congress extended the payroll tax cut through 2012. the two percentage point payroll tax cut has played an important role to sustain the recovery. boosting economic growth by an estimated 0.5% of one percentage point, and creating 400,000 jobs. we should continue the payroll tax cut through 2013, and yesterday i introduce legislation that would keep the employee payroll tax at 4.2% next year. to keep the economy growing -- there is good evidence of that in the last couple of months
we know there is broad agreement that going over the so-called fiscal cliff would jeopardize the economic recovery. it would do that by increasing taxes on families, halting employment growth, driving unemployment up instead of down, triggering a deep cuts to programs that families across the country count on. the job before the united states congress is to reach an agreement that builds on the economic progress that we are making, and puts us on a path to fiscal stability. we need to cut more...
115
115
Oct 26, 2012
10/12
by
CSPAN
tv
eye 115
favorite 0
quote 0
. >> with the fiscal cliffs looming and the president saying we need to cut defense spending, what would you do to save jobs at military bases and national laboratories. >> this is also an area where congressmen heinrich and i have strong disagreements. he was the only member of our house delegation to vote for the prospect that would lead to across-the-board defense cuts starting in january. we have party lost 3000 jobs here in new mexico since he went to -- already lost 30,000 jobs here in new mexico since he went to congress and average take-home pay is bad. congressmen -- is down. the read work to restore defense cuts and avoid a devastating -- i would work to restore those defense cuts and avoid a devastating impact on our economy here in new mexico. >> i think it is important to remember whose seat we are seeking to fill. senator jeff bingaman said that version of what i voted for was a huge distortion, and it is. i voted to make sure as a country that we did not default on our obligations. it was the tea party that forced us into the position of not passing clean legislation. i th
. >> with the fiscal cliffs looming and the president saying we need to cut defense spending, what would you do to save jobs at military bases and national laboratories. >> this is also an area where congressmen heinrich and i have strong disagreements. he was the only member of our house delegation to vote for the prospect that would lead to across-the-board defense cuts starting in january. we have party lost 3000 jobs here in new mexico since he went to -- already lost 30,000...
122
122
Dec 18, 2012
12/12
by
CSPAN
tv
eye 122
favorite 0
quote 0
cliff is where are the savings, where are the spending cuts. the president has talked about a balanced plan, but as they've tried to negotiate with speaker boehner and the house leadership, it continues to focus on one issue and that is how much are we going to raise taxes on small businesses which is, as we said before, a terrible idea in a weak economy because you got an awful lot of middle-class americans who work for the very small businesses that are going to see their tax bills increase. we believe, the american people i think support this, you look at a lot of polls. there was a george washington political poll that said about 2/3 of americans believe that you ought to cut spending across the board. there was a fox news poll last week out that said 61% of americans believe there have to be major spending reductions in any kind of a fiscal cliff deal. and so what we continue to see from the white house is the very thing that would hurt the economy, hurt jobs which ultimately is what we all want to see happen is to see the economy grow and
cliff is where are the savings, where are the spending cuts. the president has talked about a balanced plan, but as they've tried to negotiate with speaker boehner and the house leadership, it continues to focus on one issue and that is how much are we going to raise taxes on small businesses which is, as we said before, a terrible idea in a weak economy because you got an awful lot of middle-class americans who work for the very small businesses that are going to see their tax bills increase....
140
140
Nov 8, 2012
11/12
by
CSPAN
tv
eye 140
favorite 0
quote 0
increases known as the fiscal cliff -- john boehner held a briefing yesterday. he did not take questions. >> good afternoon, everyone. let me offer my congratulations to president obama and the first lady and joe biden. i hope to the election were turned out differently. mitt romney and paul ryanair good men and leaders. i want to wish them well. the american people have spoken. they have reelected president obama and they have again reelected a republican majority in the house of representatives. if there is a mandate yesterday, it is a mandate to work together on the solutions to the challenges we face as a nation. my attitude is not a confrontation but conviction. we face a series of tremendous challenges and a great opportunity. weeks away from now looms the so-called fiscal clef. a combination of automatic tax increase mandated by law. within months of the fiscal cliff, congress will be asked to raise the debt ceiling. legislation will be needed to keep the government running as a continuing resolution under which we are currently operating expires. amid al
increases known as the fiscal cliff -- john boehner held a briefing yesterday. he did not take questions. >> good afternoon, everyone. let me offer my congratulations to president obama and the first lady and joe biden. i hope to the election were turned out differently. mitt romney and paul ryanair good men and leaders. i want to wish them well. the american people have spoken. they have reelected president obama and they have again reelected a republican majority in the house of...
109
109
Oct 29, 2012
10/12
by
CSPAN
tv
eye 109
favorite 0
quote 0
i do know we have to face the fiscal cliff by coming together and working together as i've done in the last 22 months. >> how did you come up with the 70/30 split? >> i think you look at a reasonable ratio. i don't think there's an absolute number. if you look at the congress you have a ryan plan that not once but twice my opponent voted for that continues to give benefits and cuts to the most fortunate americans, subsidies to oil companies and companies shipping jobs overseas and to pay for that it's asking seniors to turn medicare into a voucher. it's taking students and asking them to pay more for student loans. it's taking middle class families and putting an average increase on their taxes of at least $1300. >> what i'm hearing you say is a fairness on this 70/30 you came up with. governor you signed a pledge with drover nor quist to never raise taxes but now you're saying you would consider? >> what it talks about if you're going to lower rates you have to race them in another. i sexd me opponent -- >> you're open to increase revenue and two years ago you said, why the change? >>
i do know we have to face the fiscal cliff by coming together and working together as i've done in the last 22 months. >> how did you come up with the 70/30 split? >> i think you look at a reasonable ratio. i don't think there's an absolute number. if you look at the congress you have a ryan plan that not once but twice my opponent voted for that continues to give benefits and cuts to the most fortunate americans, subsidies to oil companies and companies shipping jobs overseas and...
124
124
Nov 30, 2012
11/12
by
CSPAN
tv
eye 124
favorite 0
quote 0
again, we don't think social security should be on the table in these fiscal cliff discussions. not the driver of the deficit, and further down the line, we think it's important to not mess with the age or switch to the chain c.p.i. or any other cuts that would affect beneficiaries. mr. scott: would the gentlelady yield? ms. moore: i yield. mr. scott: people caulk about increasing the age of social security or cost of living increase, the first question is whether or not you're going to cut social security. and then if you decide to cut social security, the different -- there are different ways to have doing it. some more painful than others. but the first question is, are you cutting social security? but part of the question is, why? if none of the tax cuts get extended, at this point you have more money than you need on the table system of the only reason you're even discussing a cut in social security is because you want to extend the tax cut. now i think most people when they're faced with the choice, do you want social security to be a piggy bank every time we're running sh
again, we don't think social security should be on the table in these fiscal cliff discussions. not the driver of the deficit, and further down the line, we think it's important to not mess with the age or switch to the chain c.p.i. or any other cuts that would affect beneficiaries. mr. scott: would the gentlelady yield? ms. moore: i yield. mr. scott: people caulk about increasing the age of social security or cost of living increase, the first question is whether or not you're going to cut...
105
105
Nov 28, 2012
11/12
by
CSPAN
tv
eye 105
favorite 0
quote 0
it said that if we can -- if we go over this fiscal cliff, if we do sequestration, that it would cut consumer spending by $200 billion. so by having a consensus on the budget and a financial plan that is fair and balanced going forward, it could be $200 billion in stimulus. and on top of that stimulus, there would be business and market stimulus by just having some certainty in where we are going. so having an agreement that is fair and balanced is critical for the overall economy, but the impact on women and children and some of our most vulnerable would be devastating, and that's why your particular focus today in special order is so important. the united states currently ranks about 50th in the world in infant mortality. and morocco, 1.8 infants under one year of age, they die for every 1,000 live births each year. in japan the number is 2.2. in the united states, to our shame, the number is six. from new zealand to all other advanced countries around the world, they do much better than the united states in this most fundamental measure of health and well-being. and the people who
it said that if we can -- if we go over this fiscal cliff, if we do sequestration, that it would cut consumer spending by $200 billion. so by having a consensus on the budget and a financial plan that is fair and balanced going forward, it could be $200 billion in stimulus. and on top of that stimulus, there would be business and market stimulus by just having some certainty in where we are going. so having an agreement that is fair and balanced is critical for the overall economy, but the...